Office · Bloomington, Minnesota
Southpoint Office Center
Southpoint Office Center is financed with a $32.7M CMBS loan at 4.305% that reaches maturity on February 6, 2028, in 15 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $32,738,745
- Original balance (same notes)
- $37,200,000
- Interest rate
- 4.305% fixed
- Originated
- January 19, 2018
- Maturity
- February 6, 2028
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- November 5, 2027
- Master servicer
- Trimont LLC
- Originator
- Barclays Bank PLC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred August 13, 2026
- Workout strategy
- TBD
- Defeasance
- None reported
The property
- Address
- 1600, 1650 and 1700 West 82nd Street, Bloomington, MN 55431
- Metro
- Minneapolis-St. Paul-Bloomington, MN-WI
- Rentable area
- 366,808 sq ft
- Built
- 1984, renovated 2016
- Largest tenants
- Marquette Transportation Finance; ClearCapital.Com Inc.; Harmon Inc.
- Value at securitization
- $50.0M (Nov 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.09x | 1.41x |
| Occupancy | 92% | 58% |
| Net operating income (annualized from 6 months) | $4.6M | $3.1M |
| Debt yield | 9.6% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the Wells Fargo Commercial Mortgage Trust 2018-C43 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Largest tenant's lease ends within 12 months
On the cmbs.news watch list in every report since September 2026.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 92% when the loan was securitized to 58%.
- Net operating income is 32% below the underwritten figure ($3.1M a year against $4.6M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.09x at securitization to 1.41x on the latest statements.
- The filing gives Dec 2026 as the lease end date for the largest tenant (Marquette Transportation Finance), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $32.7M | Current | Yes | 1.41x | 58% |
| August 2026 | $32.8M | Current | No | 1.13x | 61% |
| July 2026 | $32.9M | Current | No | 1.13x | 61% |
| June 2026 | $32.9M | Current | No | 1.49x | 61% |
| May 2026 | $33.0M | Current | No | 1.57x | 73% |
| April 2026 | $33.1M | Current | No | 1.57x | 73% |
| March 2026 | $33.1M | Current | No | 1.57x | 73% |
| February 2026 | $33.2M | Current | No | 1.57x | 73% |
| January 2026 | $33.3M | Current | No | 1.57x | 73% |
| December 2025 | $33.3M | Current | No | 1.57x | 73% |
| November 2025 | $33.4M | Current | No | 1.63x | 74% |
| October 2025 | $33.4M | Current | No | 1.63x | 74% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Special-servicing history
- Transferred to the special servicer August 13, 2026, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2018-C43 | 4 | $32,738,745 | Sep 2026 | SEC filing, September 29, 2026 |
Other Minneapolis-St. Paul-Bloomington loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Park Place East | Minneapolis, MN | Office | $51.0M | 4.62% | Feb 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Offices At Mall Of America | Bloomington, MN | Office | $38.8M | 5.136% | Sep 2028 | 1.56x | 89% | Current |
| 444 Lafayette | Saint Paul, MN | Office | $37.3M | 4.722% | Oct 2028 | n/a | n/a | Current |
| Braemar Office Park | Edina, MN | Office | $19.1M | 4.384% | Jan 2028 | 1.92x | 88% | Current |
| Crystal Center | Crystal, MN | Retail | $19.1M | 4.90% | Aug 2028 | 2.56x | 97% | Current |
| 8800 Queen Avenue South | Bloomington, MN | Mixed use | $16.7M | 4.56% | Feb 2028 | 2.63x | 95% | Current |
| Gaviidae Common | Minneapolis, MN | Mixed use | $14.2M | 4.29% | Apr 2028 | n/a | n/a | Current |
| Village Ten Sc | Coon Rapids, MN | Retail | $13.0M | 4.75% | Aug 2028 | 2.38x | 94% | Current |
All loans maturing in 2028 · All Minneapolis-St. Paul-Bloomington loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.